Muthoot Finance raises $450 mn from overseas bond markets
Muthoot Finance Ltd has successfully priced a $450 million Fixed Rate Senior Secured issuance in 144A / Reg S format for a 3 year tenor at 6.125 per23-10-2019
23-10-2019
Muthoot Finance raises $450 million through maiden offshore bond issue
The bonds will mature in three years and have a coupon rate of 6.125%.The bond sale received orders in excess of $1.2 billion, with the issue subscribed over 2.5 times22-10-2019
MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Muthoot Finance has successfully priced a USD 450 Million Fixed Rate Senior Secured issuance in 144A / Reg S format for a 3 year tenor at 6.125%. MFIN bond transaction marks the first international bond by a NBFC to debut in 144A / Reg S market, allowing it to tap the US investor base in addition to Asia and Europe. The proceeds will be used for permitted purposes including onward lending in accordance with RBI's ECB Guidelines and other applicable laws. The bonds will be listed on International Securities Market of the London Stock Exchange. Deutsche Bank and Standard Chartered Bank acted as the Joint Global Coordinators and Joint Book Runners for the issue.21-10-2019
MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Raising of Funds
Finance Committee of the Board of Directors of Muthoot Finance Limited ("Company') at its meeting held on October 21, 2019, has approved the pricing, tenure and other terms of the Notes under the GMTN Programme (the 'Issue'). The proceeds of the Notes will be used by the Company for Onward lending and other activities as may be permitted by ECB Directions. The Company has signed the pricing supplement in this regard on October 21, 2019 and the details of the same are contained in Annexure A. Company has also executed, the Subscription Agreement with the Lead Managers appointed with respect to the Issue. The Company shall make the relevant intimations once the settlement of the Notes are completed. Notes are proposed to be listed on International Securities Market of London Stock Exchange.21-10-2019
MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Raising of Funds
In furtherance of our letters dated August 12, 2019 and October 09, 2019, about the establishment of a USD 2,000,000,000 (United States Dollars Two Billion) Global Medium Term Note Programme, ("GMTN Programme"), we would like to inform you that, subject to market conditions and other regulatory compliances, meetings of the Finance Committee of the Board of Directors of Muthoot Finance Limited may be held, on or after October 21, 2019, to consider and approve the pricing, terms and conditions, issuance and allotment of Notes proposed to be issued under the GMTN Programme.16-10-2019
Muthoot Finance Ltd - 533398 - Shareholding for the Period Ended September 30, 2019
Muthoot Finance Ltd has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2019. For more details, kindly Click here15-10-2019
MUTHOOT FINANCE LTD. - 533398 - Certificate Under Regulation 40(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulation, 2015
We are herewith attaching a Certificate from Mr. M.D. Selvaraj, Practicing Company Secretary, as required under Regulation 40(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, for the half year ended September 30, 2019.15-10-2019
Muthoot Finance Ltd - 533398 - Compliance Certificate For The Half Year Ended September 30, 2019
We are herewith attaching a Compliance Certificate of Muthoot Finance Limited, as required under Regulation 7(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, duly signed by the Compliance Officer of the Company and the Authorised Representative of the Share Transfer Agent, for the half year ended on September 30, 2019.15-10-2019
MUTHOOT FINANCE LTD. - 533398 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, the Company hereby confirm that: i) The securities which were dematerialized have been listed on the Stock Exchanges where the earlier issued securities are listed. ii) Our Registrar and Share Transfer Agent M/s. Link Intime India Private Limited (R & T Agent) has after due verification, immediately mutilated and cancelled certificate(s) of security received for dematerialization and substituted in the register of members, the name of depository as registered owner. The R & T Agent has sent the confirmation to this effect to the depositories. The above information is furnished based on the report and certificate dated October 08, 2019 received from our Registrar and Share Transfer Agent M/s. Link Intime India Private Limited, which is enclosed. Request you to kindly take on record the information.11-10-2019
Muthoot Finance stir called off
The 51-day old strike at Muthoot Finance ended with the company management and the Muthoot Banking and Private Finance Employees Association reaching11-10-2019